Tron Founder Justin Sun Takes Bloomberg to Court to Block Crypto Asset Reveal
Main Idea
Tron founder Justin Sun is suing Bloomberg to prevent the publication of detailed breakdowns of his cryptocurrency holdings, claiming it violates confidentiality agreements and poses security risks.
Key Points
1. Justin Sun alleges that Bloomberg breached confidentiality promises by planning to publish detailed information about his crypto assets, which was initially provided for verification purposes only.
2. Sun claims the disclosure could endanger him and his family by making his holdings more traceable and increasing the risk of theft or targeting.
3. The lawsuit seeks permanent injunctions to block Bloomberg from publishing the asset breakdown and requests reimbursement of legal costs, along with a jury trial.
4. Sun argues that the level of detail Bloomberg intends to publish is unusual compared to how other crypto billionaires' assets are reported.
5. The filing references Bloomberg’s prior reporting on crypto-related security risks to support Sun's concerns about the potential consequences of the disclosure.
Description
Tron founder Justin Sun has filed a lawsuit in the US District Court for the District of Delaware, seeking to stop Bloomberg from publishing what he calls highly sensitive details of his cryptocurrency holdings. The blockchain entrepreneur says the disclosure would invade his privacy, and put him and his family at risk. In the complaint, Sun alleges Bloomberg approached him earlier this year to be included in its online Billionaires Index , a ranking of the world’s richest individuals. Crypto Ho...
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